Europe Thermal Interface Materials Market By Products (Greases and Adhesives, Elastomeric Pads, Tapes and films, Metal Based, Phase change materials and Others), By Applications (Computers, Medical Devices, Automotive Electronics, Industrial Machinery, Telecom Equipment, Consumer Durables, and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
The Europe Thermal Interface Materials Market would witness market growth of 11.9% CAGR during the forecast period (2020-2026).
Thermal interface materials are applied between two hard surfaces for conducting heat and find its usage at times of greater demand for modern electronic devices. Commercial availability of different thermal interface materials in an array of forms coupled with growing applications in the electronic industry is anticipated to increase the penetration over the coming years.
There is an obvious high demand for thermal interface material in the U.S for the telecom industry because of high penetration for smartphones and data in recent times. To achieve high and fast speed networks, and competition to release unique content calls for higher bandwidth, system performance must be optimized. The similar pattern has been observed in the industry of computers due to increasing automation, innovation, and IT employment rates.
The pattern of behavior in consumer for electronic devices like smartphones, video games, and tablets has not been dampened even after pandemic condition. Somewhat consumer durables sales too have been affected in recent times amid the crisis. Furthermore, the manufacturing demand for pharmaceutical and medical machinery and lab equipment will also help in growing need for drugs and medical equipment.
For the improvement of overall performance and lifespan of a system, thermal interfaces are generally used to provide effective heat management solutions. Greases, elastomeric pads, thermal tapes, and solders are the products of thermal interfaces that are available in the market. Criteria for material selection are mostly based on mechanical factors, electrical insulation, quality, thermal resistance, performance, electrical insulation and material compatibility.
Based on Products, the market is segmented into Greases and Adhesives, Elastomeric Pads, Tapes and films, Metal Based, Phase change materials and Others. Based on Applications, the market is segmented into Computers, Medical Devices, Automotive Electronics, Industrial Machinery, Telecom Equipment, Consumer Durables, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Honeywell International, Inc., Parker-Hannifin Corporation, Henkel AG & Company, KGaA, Shin-Etsu Chemical Co., Ltd., Indium Corporation, Fuji Polymer Industries Co., Ltd., Momentive Performance, Materials, Inc., Semikron International GmbH, and AIM Specialty Materials
Scope of the Study
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